Two powerful shocks have hit the fossil industry and its financial ecosystem at the same moment: the more obvious one is Australia’s six million hectare inferno and all it implies for shifting global opinion and future carbon curbs: the other is a watershed court case in The Netherlands that may have equally far-reaching consequences. Five days before Christmas the Dutch supreme court ruled that the country’s climate targets were not stringent enough. It ordered the government to slash CO2 emissions much more deeply than it had planned – or is capable of doing without radical measures – and to do so by the end of this year.
Telegraph 14th Jan 2020 read more »
Climate change activists are sharpening their campaign against Wall Street banks and top insurers, aiming to convince financial giants like JPMorgan Chase and Berkshire Hathaway to cut off the flow of money supporting investments in oil, natural gas and coal. The targets of the new push are some of the most recognizable and well-heeled financial institutions in the world — and ones that activists contend aren’t living up to their own promises to act on climate change, including companies like Citigroup and AIG.
Politico 13th Jan 2020 read more »
Lack of action will see ‘increased’ North Sea protests, Greenpeace boss warns.
Energy Voice 14th Jan 2020 read more »